Item 8.01 Other Events.

On June 7, 2022, Preferred Apartment Communities, Inc. (the "Company") convened and then adjourned the special meeting (the "Special Meeting") of its common stockholders scheduled for June 7, 2022 to consider and vote on, among other things, the merger of the Company, with and into Pike Merger Sub I LLC, an affiliate of Blackstone Real Estate Income Trust, Inc. (the "Merger Proposal") pursuant to the terms of the previously announced Agreement and Plan of Merger, dated as of February 16, 2022. The Special Meeting was adjourned to provide stockholders with additional time to vote on the Merger Proposal. The adjourned Special Meeting will take place at 11:00 a.m., Eastern Time, on June 17, 2022, via a live webcast. Stockholders may attend the Special Meeting at the website address https://www.virtualshareholdermeeting.com/APTS2022SM and by entering the control number included on the proxy card received or in the instructions that accompanied the proxy materials.

In addition, on June 7, 2022, the Company issued a press release announcing the adjournment of the Special Meeting, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Additional Information and Where to Find It

This Current Report relates to the proposed merger transaction involving the Company. In connection with the proposed merger, the Company has filed relevant materials with the Securities and Exchange Commission (the "SEC"), including a definitive proxy statement on Schedule 14A (the "Proxy Statement"). This Current Report is not a substitute for the Proxy Statement or for any other document that the Company may file with the SEC and send to the Company's stockholders in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders may obtain a free copy of the Proxy Statement and other documents filed by the Company at its website, www.pacapts.com, or at the SEC's website, www.sec.gov. The Proxy Statement and other relevant documents may also be obtained for free from the Company by directing such request to Preferred Apartment Communities, Inc., to the attention of the Corporate Secretary, 3284 Northside Parkway NW, Suite 150, Atlanta, GA 30327.

Cautionary Statement Regarding Forward Looking Statements

This Current Report includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, are forward-looking statements that contain our current expectations about future results. These forward-looking statements are based on certain assumptions and expectations made by the Company, which reflect our management's experience, estimates and perception of historical trends, current conditions and anticipated future developments. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or anticipated in the forward-looking statements. When considering these forward-looking statements, you should also keep in mind the risk factors and other cautionary statements found in the Company's respective filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2021, as amended, and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. All forward-looking statements, expressed or implied, included in this Current Report are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this release. The Company claims the safe harbor protection for forward looking statements contained in the Private Securities Litigation Reform Act of 1995.


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Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press Release of Preferred Apartment Communities , Inc. dated June 7, 2022. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

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